If I'd heard the following words, instead of reading them, I might have assumed they were being delivered by a President Obama impressionist on "Saturday Night Live."

But the words were from Obama himself in his latest weekly radio address. "I wish I could tell you there was a quick fix to our economic problems," he said. "But the truth is we didn't get into this mess overnight, and we won't get out of it overnight. It's going to take time."



In an interview with President Obama on Tuesday's NBC Today, co-host Ann Curry fretted over Republican calls for spending cuts before raising the nation's debt limit: "Do you think they're bluffing, given how financially disastrous it would be for the United States not to have the debt ceiling raised? And are you willing to make deep spending cuts?"

Obama laughably claimed: "Well, keep in mind, we've already made deep spending cuts. I mean, I've proposed a freeze on federal spending, during the last threatened government shutdown we made some really tough cuts..." He then used the opportunity to bash the GOP:



UPDATE AT END OF POST: Headline changed to "Goofy."

The next time one of your liberal friends tells you there isn't any bias in the media, show him or her the following headline published Tuesday by CNN Money's senior writer Jeanne Sahadi.

"Wingnut Debt Ceiling Demands" was actually placed directly above a picture of Republican presidential candidate Newt Gingrich, former Alaska governor Sarah Palin, and Florida senator Marco Rubio:



CNN's Eliot Spitzer arrogantly lectured about the benefits of Keynesian economics Sunday while accusing fellow panelists on "Fareed Zakaria GPS" of not knowing what they were talking about because they weren't business owners.

This led British historian Andrew Roberts to point out that President Obama's administration are mostly academics, and Ann Coulter to ask Spitzer, "What business have you ran? You’re a governor" (video follows with transcript and commentary):



MSNBC's Andrea Mitchell scolded Republican presidential candidate Tim Pawlenty today over the former Minnesota governor's proposed plan to reduce taxes and cut spending, decrying the conservative measures as "counterintuitive."

"What makes you think that a plan to actually increase the deficit by cutting taxes is the right way to go right now?" groused NBC's chief foreign affairs correspondent on "Andrea Mitchell Reports."



Official motto of the White House economic team: Those who can, do. Those who can't, fantasize in the classroom, fail in Washington and then return to the Ivy Tower to train the next generation of egghead economic saboteurs. Life is good for left-wing academics. Everyone else pays dearly.

Take Austan Goolsbee, please. President Obama's "fresh-faced" University of Chicago econ professor arrived in Washington in December 2008 to fill two slots: chief economist/staff director of the president's Economic Recovery Advisory Board and member of the Council of Economic Advisers. In September 2010, he replaced CEA head and fellow academic Christina Romer, who retreated to the University of California at Berkeley last August when unemployment hit 9.5 percent. (She infamously projected that the Obama stimulus would hold the jobless rate below 8 percent.)



A group of self-described liberal millionaires seeking to raise taxes on the top 1 percent of America’s population, refused -- when questioned by CNSNews.com -- to consider making donations themselves to a Treasury Department Web site that allows the public to make contributions to help pay down the public debt.

The  “Patriotic Millionaires" group held a conference call on Monday in advance of the10th anniversary of President George W. Bush's tax cuts to encourage President Barack Obama and Congress to raise taxes for Americans who make $1 million or more annually.

CNSNews.com asked the liberal millionaires this question: “The Treasury Department has a Web site -- pay.gov -- where anyone who wants to can make a contribution at any time to pay down the federal debt. Are you willing to make a contribution to pay down the debt and, if so, how much would it be?”

Dennis Mehiel, the principal shareholder and chairman of the board of U.S. Corrugated, called the notion that he and his fellow millionaires would consider donating some of their millions to the Treasury Department to help eliminate the deficit “preposterous on its face.”



As no clear frontrunner emerges in the Republican presidential nomination race, the liberal media are in a full-scale panic over the thought that the former governor of Alaska might eventually enter and challenge their beloved president in November 2012.

On Sunday, "Face the Nation's" Bob Schieffer asked Mississippi Governor Haley Barbour with some incredulity, "Could you ever envision yourself supporting a ticket that had Sarah Palin at the top?" (video follows with transcript and commentary):



Fox News's Greta Van Susteren on Saturday took issue with New York Times columnist Charles Blow's recent piece "False Choice."

In it, the perilously liberal commentator criticized Republicans for wanting to solve the nation's economic woes with a mixture of tax and spending cuts:



NewsBusters readers are well aware that we like to point out when arrogant, pompous, holier-than-thou liberals make completely false statements on the air and in print.

Bill Maher marvelously did so on HBO's "Real Time" Friday claiming that the Bush tax cuts have so far given a total of $2.8 trillion to the richest one percent of Americans (video follows with transcript and commentary):



I've said for years that some of the worst reporting by the media deals with issues of finance and the economy.

"Real Time" watchers were given a perfect example of this Friday evening when a college professor that contributes to MSNBC as well as Nation magazine actually said, "I’ll put my Obama deficit next to your Reagan deficit any day of the week" (video follows with transcript and commentary):



The latest Social Security Trustees Report tells us that the program will be insolvent by the year 2037. The combined unfunded liability of Social Security and Medicare has reached nearly $107 trillion in today's dollars. That is about seven times the size of the U.S. economy and 10 times the size of the national debt. Those entitlement programs, along with others, account for nearly 60 percent of federal spending. They are what Congress calls non-discretionary spending. About half of discretionary spending is for national defense. Each year, non-discretionary spending consumes a higher and higher percentage of the federal budget.